https://www.youtube.com/watch?v=KwUG2bOHqFA
"China wants to be number one."
So does America.
"America needs to have the strongest military and economy and technology to prevent wars."
And yet they start (and lose) wars all over the place. How many wars has China started?
"A tariff is a tax on a foreign country".
No, a tariff is a tax on America. And this not just on consumer goods which we can cut back on like shoes. Although it seems unAmerican to say "buy less". Tariffs ironically raise the cost of building new factories because a lot of the machines are also made in China. This is a side of the economy many don't see but it's absolutely real and important. 60 minutes had a good example with the steel tariffs helping steel makers but hurting steel buyers more. Created 1000 jobs in steel but cost 75,000 jobs.
The industrial revolution was a long process of inventing machines to build machines. China started late because of many things holding them back but about 30 years ago, they started running free and fast. America decided to take a break and now they have years of work to try to catch up to China.
But if you just look at the raw numbers of relative population and STEM majors, it favors China greatly. 1411 million vs 340 million.
Trump thinks America is better and if we're not winning, it's due to cheating. And he has collected some poison arrows to argue for that, like stealing technology. But if America invented the technology, why don't *they* do more with it? So then the excuse is slave labor. Yes, Chinese work hard. Is that a bad thing? Are we going to fight a war for the right to work less?
Trump is trying to impose a ludicrously one-sided unfair deal on China. I do not think China will accept it.
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